Centage Case Studies Sophisticated Budgeting and Ease of Use Foster Collaboration & Accountability

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	Sophisticated Budgeting and Ease of Use Foster Collaboration & Accountability Centage

Sophisticated Budgeting and Ease of Use Foster Collaboration & Accountability

Centage

Technology Category	Functional Applications - Enterprise Resource Planning Systems (ERP)
Applicable Industries	Healthcare & Hospitals
Applicable Functions	Business Operation
Services	Software Design & Engineering Services
Challenge	Carroll County Memorial Hospital (CCMH), a 25-bed Critical Access Hospital with over 250 employees, was facing challenges with its budgeting and planning process. The hospital was using Excel for these tasks, which proved to be cumbersome due to manual data entry and broken formulas. One of the significant issues was the inability to involve different departments in their portion of the budgeting process. This lack of involvement led to a lack of accountability and collaboration, which was detrimental to the overall budgeting process. Read More
About Customer	Carroll County Memorial Hospital is a 25 bed Critical Access Hospital located in Carrollton, Missouri. With over 250 employees, CCMH provides a range of services including emergency services, diagnostic services, day surgeries, outpatient specialty clinics, rehabilitation services, family care, and cancer care. Since its establishment in 1961, CCMH has been dedicated to serving the needs of the region and helping generation after generation reach better health. The hospital is committed to its community and continuously strives for excellence in healthcare. Read More
Solution	CCMH decided to switch from Excel to Planning Maestro, a more sophisticated solution that streamlined the budgeting process and provided greater accuracy. Planning Maestro was used for annual budgeting and planning, starting with the capital budget, then revenue budget, and finally expenses. Once the annual budget was completed and approved, Planning Maestro's advanced reporting capabilities were used to create variance reports. These reports were distributed to the patient care area directors, allowing them to review their own budget vs. actuals and adjust if necessary. The solution seamlessly integrated with their General Ledger (GL), Dynamics GP, which was particularly beneficial. The data was automatically input from Dynamics GP into Planning Maestro, saving time and reducing errors. Read More Log in to view content
Contents

Technology Category

Functional Applications - Enterprise Resource Planning Systems (ERP)

Applicable Industries

Healthcare & Hospitals

Applicable Functions

Business Operation

Services

Software Design & Engineering Services

Challenge

Carroll County Memorial Hospital (CCMH), a 25-bed Critical Access Hospital with over 250 employees, was facing challenges with its budgeting and planning process. The hospital was using Excel for these tasks, which proved to be cumbersome due to manual data entry and broken formulas. One of the significant issues was the inability to involve different departments in their portion of the budgeting process. This lack of involvement led to a lack of accountability and collaboration, which was detrimental to the overall budgeting process.

About Customer

Carroll County Memorial Hospital is a 25 bed Critical Access Hospital located in Carrollton, Missouri. With over 250 employees, CCMH provides a range of services including emergency services, diagnostic services, day surgeries, outpatient specialty clinics, rehabilitation services, family care, and cancer care. Since its establishment in 1961, CCMH has been dedicated to serving the needs of the region and helping generation after generation reach better health. The hospital is committed to its community and continuously strives for excellence in healthcare.

Solution

CCMH decided to switch from Excel to Planning Maestro, a more sophisticated solution that streamlined the budgeting process and provided greater accuracy. Planning Maestro was used for annual budgeting and planning, starting with the capital budget, then revenue budget, and finally expenses. Once the annual budget was completed and approved, Planning Maestro's advanced reporting capabilities were used to create variance reports. These reports were distributed to the patient care area directors, allowing them to review their own budget vs. actuals and adjust if necessary. The solution seamlessly integrated with their General Ledger (GL), Dynamics GP, which was particularly beneficial. The data was automatically input from Dynamics GP into Planning Maestro, saving time and reducing errors.

Impact #1	Planning Maestro provided intuitive automation out of the box, streamlining the collaboration process and enabling users to work together on the budgeting process.
Impact #2	The solution seamlessly integrated with their GL, Dynamics GP, which was particularly beneficial. The data was automatically input from Dynamics GP into Planning Maestro, saving time and reducing errors.
Impact #3	The Finance team and patient care area directors found Planning Maestro easy to use. The directors were able to contribute, review, and maintain their individual department budget numbers and compare them to their actuals throughout the year, providing more accurate insight into financial health and performance.

Impact #1

Planning Maestro provided intuitive automation out of the box, streamlining the collaboration process and enabling users to work together on the budgeting process.

Impact #2

The solution seamlessly integrated with their GL, Dynamics GP, which was particularly beneficial. The data was automatically input from Dynamics GP into Planning Maestro, saving time and reducing errors.

Impact #3

The Finance team and patient care area directors found Planning Maestro easy to use. The directors were able to contribute, review, and maintain their individual department budget numbers and compare them to their actuals throughout the year, providing more accurate insight into financial health and performance.

Benefit #1	The solution streamlined the budgeting process, reducing the time spent on manual data entry and fixing broken formulas.
Benefit #2	The seamless integration with Dynamics GP eliminated the need for a time-consuming trial balance upload each month.
Benefit #3	The solution fostered collaboration and accountability among the patient care area directors, leading to more accurate budgeting and planning.

Benefit #1

The solution streamlined the budgeting process, reducing the time spent on manual data entry and fixing broken formulas.

Benefit #2

The seamless integration with Dynamics GP eliminated the need for a time-consuming trial balance upload each month.

Benefit #3

The solution fostered collaboration and accountability among the patient care area directors, leading to more accurate budgeting and planning.

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Sophisticated Budgeting and Ease of Use Foster Collaboration & Accountability

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